# Packaging Corp of America (PKG) — Stock CV

Packaging Corp of America is a $20.5B materials company. Revenue grew 10.3% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~4.5 years of free cash flow. It trades at 29.7× earnings — near the highest of its own history.

> Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 5 million tons of containerboard annually.

## Identity

- **Ticker**: PKG
- **Sector**: Basic Materials
- **Industry**: Paperboard Containers & Boxes
- **Headquarters**: LAKE FOREST, IL
- **Employees**: 16 800
- **Website**: https://www.packagingcorp.com
- **Market cap**: $20.5B
- **Last price**: $230.51
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $9.53B
- **Net income**: $692M
- **Free cash flow**: $742M
- **Net debt**: $3.37B
- **P/E**: 29.7
- **Revenue growth (YoY)**: 10.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 52 |
| Growth | 51 |
| Profitability | 49 |
| Health | 55 |
| Quality | 80 |
| Moat | 74 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +10.3% YoY
- [x] Profitable — $692M TTM
- [ ] Profit growing — -8.0% YoY
- [x] Generates cash — $742M TTM
- [x] Debt under control — ~4.5y of cash flow to repay
- [x] Established company — $20.5B market cap
- [x] Not printing shares — -5.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 2.18%
- [x] Valuation not extreme — P/E 29.7

## Experience (career milestones)

- **FY2022** — Best year on record: $1.03B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $5.78B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Revenue growing 10.3% year over year
- Interest covered 14.0× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $7.73B | $841M | $489M |
| FY2022 | $8.48B | $1.03B | $671M |
| FY2023 | $7.80B | $759M | $845M |
| FY2024 | $8.38B | $805M | $522M |
| FY2025 | $8.99B | $774M | $729M |

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Source: https://stockcv.com/PKG — derived from company filings; may be delayed or incomplete. Information, not investment advice.